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AirDNA Data: US Michigan Free Soil

How is Free Soil performing?

97

Great
Market Score

96

Investability

76

Rental Demand

84

Revenue Growth

2

Seasonality

58

Regulation

Annual Revenue

$28.3K

+3%

past year

Occupancy Rate

62%

+4%

past year

Average Daily Rate

$249.8

+3%

past year

Revenue per Available Rental (RevPAR)

$158

+6%

past year

Free Soil Performance Details

Total available listings

29

+3%

past year

Listings by rental channel

Channel

Airbnb (45%)

Vrbo (17%)

Both (38%)

Listings by rental size

Bedrooms

1 Bedroom (31%)

2 Bedroom (24%)

3 Bedroom (24%)

4 Bedroom (17%)

5+ Bedroom (3%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (14%)

91-180 nights (28%)

181-270 nights (52%)

271-365 nights (7%)

Listings by rental type

Type

Entire Home (100%)

Private Room (0%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (13.8%)

Moderate (44.8%)

Strict (41.4%)

Super Strict (0.0%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (44.8%)

3 Nights (27.6%)

4-6 Nights (6.9%)

7-29 Nights (0.0%)

30+ Nights (20.7%)

What amenities do listings have?

Heating

93%

Parking

90%

Tv

79%

Kitchen

76%

Family Friendly

72%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Boardwalk Vacation Rentals
10.0%17
4.90
Evolve
10.0%12
4.60

Occupancy

Occupancy Rate

62%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$2,830,410

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$62

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$62

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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